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collectors universe (CLCT) Details

Collectors Universe Inc. provides third-party authentication, grading, and related services for rare and high-value collectibles consisting of coins, trading cards, sports memorabilia, and autographs. It offers professional coin grading service coin authentication and grading services, professional sports authenticator (PSA) trading card authentication and grading services, and PSA/DNA autograph authentication and grading services. The company operates certified coin exchange, a subscription-based business-to-business Internet bid-ask market Website, certifiedcoinexchange.com that features approximately 100,000 bid and ask prices for certified coins; and collectors corner, a business-to-consumer Website, collectorscorner.com, which features approximately 75,000 collectibles listed for sale. In addition, it publishes magazines that provide market prices and information for certain collectibles and high-value assets, which are accessible on its Websites; and authoritative price guides, rarity reports, and other collectibles data to provide collectors with information. Further, the company sells advertising on its Websites, as well as in the magazines; and manages and operates collectibles trade shows and conventions. Collectors Universe Inc. was founded in 1986 and is headquartered in Santa Ana, California.

collectors universe (CLCT) Key Developments

Collectors Universe Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company’s income from continuing operations was $2.2 million as compared to $2.1 million in last year's third quarter and represented $0.26 per diluted share in both third quarters. Operating income at $3.7 million was consistent with the third quarter of fiscal 2014. Net revenues were $15,987,000 compared to $16,308,000 a year ago. Income before provision for income taxes was $3,632,000 compared to $3,716,000 a year ago. Net income was $2,170,000 or $0.25 per diluted share compared to $2,119,000 or $0.26 per diluted share a year ago. Diluted income from continuing operations per share was $0.26 compared to $0.26 per share a year ago.
For the nine months, the company’s income from continuing operations increased to $5.6 million or $0.66 per diluted share, as compared to $5.0 million, or $0.61 per diluted share, in the same nine months of fiscal 2014. Operating income grew by 8% to a nine month record of $9.3 million from $8.7 million in the same period of the prior year despite non-cash stock based compensation being up by $0.4 million in this year's nine months. Net revenues were $46,313,000 compared to $44,024,000 a year ago. Income before provision for income taxes was $9,301,000 compared to $8,694,000 a year ago. Net income was $5,628,000 or $0.66 per diluted share compared to $4,970,000 or $0.60 per diluted share a year ago. Diluted income from continuing operations per share was $0.66 compared to $0.61 per share a year ago. Net cash provided by operating activities was $7,371,000 compared to $8,109,000 a year ago. Capital expenditures were $624,000 compared to $1,125,000 a year ago. Capitalized software was $250,000 compared to $110,000 a year ago.

Collectors Universe Inc. to Report Q3, 2015 Results on May 06, 2015

May 2 15

Collectors Universe Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on May 06, 2015

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